Puntored, a Colombian fintech serving low- and middle-income populations across Latin America, raised $2M from the Stellar Development Foundation's Enterprise Fund to expand its technological capabilities and enable cross-border transactions via the Stellar blockchain network.
Puntored, a Colombian fintech company celebrating 20 years in operation, has secured $2M in funding from the Stellar Development Foundation (SDF) through its Stellar Enterprise Fund venture initiative. The company provides financial services including payments, credits, remittances, and prepaid services to underserved populations across Mexico, Colombia, and Puerto Rico. With this investment, Puntored plans to enhance its technological infrastructure and integrate the Stellar blockchain network to enable faster, more affordable cross-border transactions. The integration will extend access to over 18 million users in the region, leveraging Puntored's existing transaction volume of $5.5 billion annually across 330 million transactions. This marks the first investment by SDF's Enterprise Fund in a Colombian company.
